Peak 10, a data-center operator, says the new campus will span more than 60,000 square feet and be located in the University Research Park in North Charlotte. Once completed, the new campus will be nearly twice the size of Peak 10’s 35,000-square-foot campus in southwest Charlotte.

Jones, who co-founded the company in 2000, says the first new data center will open later this year. Future centers will be built as demand increases.

Balfour Beatty is constructing the campus.

The growth is fueled by increasing demand among small and medium-sized businesses in Charlotte, says Jones. Peak 10 caters to mid-size companies that need to store data securely off-site.

“We’ve seen substantial growth,” Jones says. “This is a great day for Peak 10 and the city of Charlotte as well.”

Peak 10 estimates the addition of 30 new jobs this year. The company employs 350 people, and about one-third are based in Charlotte.

Foxx, Crisco and others at the announcement praised Peak 10 as an example of successful companies coming out of Charlotte’s entrepreneurial community. Foxx says Peak 10 “is an amazing example of the ingenuity we have here.”

The new project follows a period of rapid growth for Peak 10. Since its founding in Charlotte a decade ago, the company has grown to operate 23 data centers in 10 markets across the Southeast and Midwest.